ITS completes regular rebalancing of ITS Shariah Index

ITS completes regular rebalancing of ITS Shariah Index

International Trading Systems Posted

The international trading platform ITS has completed a regular rebalancing of the ITS Shariah Index (ITSS), updating the list of shares of 30 leading global companies whose business activities comply with Islamic principles. The changes take effect on March 10, 2026.

With the rebalancing, five new issuers were added to the index. Shares of Applied Materials, Inc. (AMAT) were included after Sahih Invest, the independent screening provider for ITSS, assigned the company's shares a "Permissible" status in December 2025. Shares of KLA Corporation (KLAC) and Texas Instruments Incorporated (TXN) were added following increases in their average market capitalisation of 17% and 13%, respectively. Shares of NextEra Energy, Inc. (NEE) and Amphenol Corporation (APH) were added to replace excluded issuers.

At the same time, five companies were removed from the index. ServiceNow, Inc. (NOW) was excluded following a 19% decline in its average market capitalisation. Qualcomm Incorporated (QCOM) and Uber Technologies, Inc. (UBER) were removed in favour of the newly added issuers after their average market capitalisation declined by 6% and 9%, respectively. Booking Holdings Inc. (BKNG) and Arista Networks, Inc. (ANET) were also removed in favour of the newly added constituents. In addition, Oracle Corporation's (ORCL) weight in the index was reduced by 1.92% following a 12% decline in the company's market capitalisation.

The ITS Shariah Index includes shares of 30 of the largest global companies recognised as compliant with Islamic principles by Sahih Invest, an independent company, based on Shariah screening conducted in accordance with AAOIFI standards. The weight of any single issuer in the index is capped at 10%.

The ITS Shariah Index serves as the benchmark for the ITSS ETF, the first Shariah-compliant ETF in Central Asia and the Caucasus. It was launched by ITS together with asset manager IPS Capital in the jurisdiction of the Astana International Financial Centre. The fund's shares are denominated in U.S. dollars, and investment income is exempt from tax for Kazakhstan tax residents.

The index composition, real-time performance, methodology and related documents are available at: https://itsx.kz/trading-and-data/indexes/ITSS/

About ITS

ITS is a trading platform operating under the jurisdiction of the Astana International Financial Centre. ITS offers investors more than 3,200 global market instruments listed in the U.S. and Kazakhstan. Among the unique products developed by ITS are exchange-traded funds based on proprietary indexes, as well as the opportunity to trade shares of companies going public, before the start of trading in New York.

In 2025, ITS achieved record results: total trading volume exceeded $14 billion, 70 times the 2024 figure. The number of investors with access to trading exceeded 1.2 million. The platform hosts 21 participants from seven countries: Kazakhstan, Armenia, Bulgaria, Cyprus, Kyrgyzstan, Oman and South Africa.

ITS clients are professional securities market participants from Kazakhstan and other countries - financial intermediaries accredited or registered with the AIFC. Retail and corporate investors gain access to trading through financial intermediaries - brokers and banks.

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